Archive

Commercial and Residential Property Lawyers

The Property Law department at marshalls+dent+wilmoth specialises in all aspects of commercial and residential property. As property transactions become increasingly complex, we have the expertise and the dedication to ensure we always create the best legal strategy to meet our clients’ needs.

Our comprehensive in-house service is further supported by our Commercial and Litigation departments. Our lawyers’ expertise includes advising on: includes advising on:

property development

conveyancing

commercial leasing, including hotels

institutional lending, both national and international

Just some of our lawyers’ high profile previous work has included:

The Spencer Street Victorian Railways Administration redevelopment

The Waterfront Apartment Complex in Geelong

The Grand Hotel in Melbourne

Breathtaker Ski Lodge at Mount Buller

Property Law FAQ

What reports should I obtain about a property before deciding to enter into a Sale contract?

It is advisable to obtain reports before exchanging contracts so that you can make an assessment about the condition of the property. There are a number of different reports which you may obtain including a building inspection report, a pest report, a strata records report (if applicable) or a contamination report (if applicable).

When do I pay stamp duty and how much?

Stamp duty is calculated based on the purchase price and is payable within 30 days of the property being transferred. However, if you are purchasing a property “off the plan” you may be entitled to certain stamp duty concessions.

What is “cooling off” period?

It is a clause which gives the buyer a period within which to decide whether to proceed with the contract. In Victoria, a purchaser has up to 3 business days as a cooling off period provided that the property was not purchased at auction.

What is the difference between a retail lease and commercial lease?

A Commercial Lease is an agreement between a landlord and tenant to occupy a commercial property such as office space, factory, warehouse, shop or industrial premises. The agreement sets out the terms of the arrangement between the landlord and tenant.

A retail lease is a type of commercial lease that relates to retail premises. Retail leases in Victoria are, in most cases, governed by the Retail Leases Act 2003 (Vic) (“the Act”) which is generally recognized as tenant friendly legislation.

It is often difficult to ascertain whether the lease constitutes a retail leaser or a commercial lease, and consideration by an experienced solicitor is often required.

If I pay a holding deposit to an agent but haven't signed a contract, is my purchase secured?

No! If a purchaser has made an offer which has been accepted verbally, the deal is not binding until contracts are properly signed and exchanged.

Still unsure? Get in touch with us by making an online enquiry or call us on 9670 5000

From individuals in need of urgent advice to publicly listed companies requiring complex litigation, we have the experience and the knowledge to help with any legal issue. Our lawyers have a reputation for their specialised experience, their practical and cost effective approach and their friendly, personal service.

Our offices are in the legal heart of Melbourne’s CBD, Mornington, Williamstown & Wodonga. Contact us to find out how we can assist you.